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Announced

Steel Partners Holdings failed to acquire Steel Connect.

Financials

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Transaction Value-
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Single Bidder

supply chain management

United States

Domestic

Management Consulting

Public

Acquisition

Friendly

Failed

Synopsis

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Steel Partners Holdings, a diversified holding company, failed to acquire Steel Connect, a supply chain management services provider. Financial terms were not disclosed. As a result of the termination, Steel Connect will not become a wholly owned subsidiary of Steel Partners and will remain a publicly traded company on NASDAQ under the symbol “STCN”.

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